INVESTOR RELATIONS

Corporate News

Trading Update and Notice of Results

25 July 2018

STM Group Plc (AIM: STM), the cross border financial services provider, announces the following trading update:

The first half year of 2018 has progressed in line with management's expectations, underpinned by the Group's underlying recurring revenue stream and a steady flow of new business applications, particularly with regards to the International SIPP. We look forward to the second half of 2018 with confidence in our robust business model and remain on track to achieve current management expectations for the full year.

The integration of the Harbour acquisition, approval for which was received in February 2018, has progressed according to plan with the full integration into STM Malta expected to be completed by end of August. Harbour will be moderately earnings enhancing for the full year. The Board continues to look for earnings enhancing acquisitions of pension administration businesses in both the international pensions market, as well as that of the UK domestic market.

We have built on our governance framework, and as part of this plan the Company has appointed a Group Internal Auditor. In addition, the Board has taken the decision to recruit a Chief Operating Officer to join the existing executives. This additional resource will allow the Chief Executive Officer to focus more on Group strategy, adding further stakeholder value above and beyond organic growth.

In addition, the recruitment of a new Chairman and an additional Non-Executive Director is in the final stages, and will result in further complementary skills being brought to the boardroom. We expect to update the market on this in the near future.

 

Notice of Results:

STM will announce its Interim results for the six months to 30 June 2018 on Tuesday 11 September 2018.

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

For further information, please contact:

STM Group Plc
Alan Kentish, Chief Executive Officer
[email protected]
Via Walbrook PR
www.stmgroupplc.com
Therese Neish, Chief Financial Officer
[email protected]
FinnCap www.finncap.com
Matt Goode / Emily Watts - Corporate Finance Tel: +44 (0) 20 7220 0500
Tim Redfern / Richard Chambers - ECM
Walbrook www.walbrookpr.com
Tom Cooper / Paul Vann Tel: +44 (0) 20 7933 8780
Mob: +44 (0) 797 122 1972
[email protected]

 

Notes to editors:

STM is a multi jurisdictional financial services group which is listed on the AIM Market of the London Stock Exchange. The Group specialises in the delivery of a wide range of financial service products to professional intermediaries and the administration of assets for international clients in relation to retirement, estate and succession planning and wealth structuring.

STM has operations in the UK, Malta, Gibraltar, Jersey, and Spain. The Group is looking to expand through the development of additional products and services that its ever more sophisticated clients demand. STM has developed a specialist international pensions division which specialises in SIPPs, Qualifying Recognised Overseas Pension Schemes (QROPS), and Qualifying Non UK Pension Schemes (QNUPS). STM has a Gibraltar Life Insurance Company, STM Life plc, which provides life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.

Further information on STM Group can be found at www.stmgroupplc.com

UNITED KINGDOM

Options UK 
(part of STM Group Plc)
1st Floor Lakeside House
Shirwell Crescent
Furzton Lake
Milton Keynes
Buckinghamshire
MK4 1GA

UNITED KINGDOM

London & Colonial Services Limited
(part of STM Group Plc)
1st floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP
UK

GIBRALTAR

PO Box 575
Montagu Pavilion
8-10 Queensway
Gibraltar
GX11 1AA

MALTA

San Gwakkin Building
Level 1
Triq is-Salib tal-Imriehel
Zone 4
Central Business District
Birkirkara, CBD4020
Malta

SPAIN

Edif. Sotovila
Plaza Mayor
P.N. de Guadiaro
Sotogrande
Cadiz
11311
Spain

HEAD OFFICE

Suite 315
5 Chancery Lane
London,EC4A 1BL
UK

REGISTERED OFFICE

1st Floor,
Viking House,
St Paul’s Square, Ramsey,
Isle of Man,
IM8 1GB.

STM is a multi-jurisdictional financial services group listed on AIM, a market operated by the London Stock Exchange.
The Group specialises in the administration of client assets in relation to retirement, estate and succession planning and wealth structuring.

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STM Group companies are regulated where required in their host jurisdictions.

STM in the UK (London & Colonial and Options UK): Financial Conduct Authority - STM in Gibraltar: Gibraltar Financial Services Commission - STM in Malta: Malta Financial Services Authority - STM in Spain: Director General de Seguros, Fondos y Pensiones: STM Nummos, SL figura inscrita en el Registro Mercantil de Cádiz, Tomo 1612, Hoja 6697, Libro 0, Folio 14. CIF B-11301199.

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